ID: MRFR/CnM/2519-CR | October 2017 | Region: Global | 114 pages
According to the Diacetone Alcohol Market, the market share has been rising, with a gain of 4.85% to reach the revenue of around USD 1,594.5 million, till the end of the year 2023. This is an addition attributed to increasing consumption of the ultimate diacetone alcohol by the most prominent end-use by several industries.
The diacetone alcohol market growth, is doing well. It is also known as DAA. It is an oxygenated solvent with supreme solubility properties. It is a kind of derivative of Alcohol along with non-ethanol components. It is actually synthetically made by aldol condensation of acetone and can be found naturally in Achnatherum robustum, which is actually a plant but also popularly known as sleepy grass. The most prominent application of this Diacetone Alcohol is as a solvent in different industrial and consumer products available in the market. It is applied as a solvent for various purification processes, several adhesives, paints, several thinners, and different household cleaners. Many used it as a component of solvent blends for nitrocellulose, different acrylic, and cellulose acetate lacquers.
COVID 19 Impacts and effects
Diacetone alcohol market usages have been influenced by the COVID-19 outbreak that has spread all across the world; businesses of several types are starting to show the major signs of distress. The DAA industry outlook is not an exception; it is used in some industries that currently witness very high demand. The most affordable product to manufacture. There has been a fast need is projected to contribute to the growth of the world DAA market.
The diacetone, alcohol market type, is of varied nature. Actually, there are many driving factors. The Global Diacetone Alcohol is divided into the application and end-use industry. On the basis of applications, the market is segregated into solvents, chemical Intermediates, different cleaning, drilling fluids, and several preservatives, among others. Among these different applications, the use of diacetone alcohol as a primary solvent is pushing the market with maximum share. In future years, the category is estimated to rise at a maximum CAGR of 5.70% because of its solubility in both water and oil. Chemical intermediate is the second biggest segment in the worldwide Global Diacetone Alcohol Market with a stag rant 21% share. Based upon the end usages of the industry, the Global Diacetone Alcohol Market is divided into different paints & coating, textiles segment, automotive, and oil & gas segments, among other industries. Among the categories, the paints & coatings industry is the most popular segment, which is developing at the highest CAGR and projects to achieve USD 610.0 million by the end of the year 2023. This particular industry is a primary consumer of Diacetone Alcohol, which is listed for a primary share of the total demand of the product. The overall Textile and automotive industry are primarily following the most leading category that is the paints & coatings industry.
Different factors are focusing on boosting the market share, including factors like continuous global economic development, rising consumer spending, expanding urban population, rising investments, and rise in recreational operations. Besides, huge investments in research and development activities to improve efficiency and enhance the performance of DAA through innovative solutions, higher quality and outputs, reduced breakages, increased efficiency, and increasing establishment of major brands are also bolstering the growth.
The growth trajectory of diacetone, alcohol market prices have risen rapidly in the most contemporary years due to the increasing number of usages which is created by significant end-use industries of various types. The market has also predominantly diversified because of amplified usage in the solvent extracting in the making of purification for varieties of resins and waxes. The increased number of construction activities has provided different ways to escalate the augmentation scope of the market in terms of different varnishes, coating, and paints that are actually employed to beautify the building structures around.
Increasing diacetone, alcohol market demand, owing to less cost, is projected to drive the major demand for the industry. Also along with, growing product design, mega innovations lead the maximum customer experience and are expected to boost the market growth within very little time.
Though the forecast for diacetone alcohol market analysis is impressive, there are certain restraints. The entire process of manufacturing is triggering a very high level of pollution. Overall, the countries are trying hard to minimize or lessen this effect by presenting a new kind of secondary product that could hold actual back the major standard DAA market outlook.
The diacetone alcohol market demand segment is estimated to witness growth owing to its increasing demand from the low-income categories. In addition, consumers are showing interest in buying more. Moreover, the essential demand is expected to keep stagnant because of the relatively better price of the product. Because of increasing demand for low-price advanced and premium technology-based, the product is estimated to drive the segment in the years to come. In addition, the industry is expected to reap the benefit of rising demand for the latest products by the consumers. Also along with, rising demand for the locally manufactured latest product is expected to have a huge positive impact on the demand.
The primary market claims to have a revenue of USD 1,594.5 million by 2023 and a 4.85% CAGR over the estimated period (2019- 2025). The requirement for this vast concept has risen because companies are conscious now. The different Asian and North American major countries are focusing on spreading the production to meet the given targets and deal with innovative technologies effectively.
The diacetone, alcohol market growth, is impressive; famous companies are manufacturing it. It is a modern concept. Unbelievably high in demand, and able can give the consumer a unique experience. The best products provide a perfect construction, thus, has offered less strain on the demand
By Sales Channel
The companies are creating new avenues, and this concept of coating is gaining momentum. The processes are dynamic now, so the concept is evolving every day. To meet the global supply chain and latest technology services criteria, the major companies are getting agreement to grow and work together. Organizations that are active in the making of different launches have an advanced solution sanctioning that can proactively change the functions.
Diacetone Alcohol Market - Division on the basis of Application
Diacetone Alcohol Market - Division on the basis of End-User
Diacetone Alcohol Market - Division on the basis of Region
Intended Audience of DAA:
Manufacturers and Distributors of Diacetone Alcohol.
Suppliers and Traders.
Government, Associations and Industrial Bodies.
Investors and Trade experts.
Consulting in Chemical Experts.
The major players in the Global Diacetone Alcohol Market are many:
Solvay S.A (Belgium)
Arkema Group (France)
Monument Chemical Inc. (U.S.)
Recochem Inc. (Canada)
Prasol Chemicals Pvt. Ltd. (India)
KH Neochem Co., Ltd. (Japan)
As per diacetone alcohol market forecast analysis, the entire region of North America dominated the Global Market and has registered the largest share of the market in the year 2016. The Asia Pacific market is again followed by countries like Europe and North America. Moreover, the market is huge and will witness major growth during the estimated period with a rising concentration of end-user segments for DAA demand in the global region coupled with a major expansion of primary producers of DAA and its alloys in the region. Over the estimated period, the regions of the Middle East & Africa are projected to offer several lucrative opportunities for byproducts because of the new construction latest activities in the region and carrying trend of industry bifurcation to non-oil manufacturing advanced sectors, with respect to major declining crude oil prices.
Europe is a prominent region in the Global Diacetone Alcohol Market. It shows a considerable total market share of 18%, as of the year 2016. Germany dominates the European market share because of the increasing demand for paints & coatings from both the sectors of the household and automotive industry. Europe is followed by Latin America countries and the Middle East & Africa, which is projected to rise at a considerate rate during the forecast timeline.
The Asia Pacific accounted for maximum share due to the spread of end-use industries in this region
China is the biggest producer and end-user of diacetone alcohol.
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Application, End-Use Industry and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Solvay S.A (Belgium), Arkema Group (France), Monument Chemical Inc. (U.S.), Recochem Inc. (Canada), Prasol Chemicals Pvt. Ltd. (India), KH Neochem Co., Ltd. (Japan)|
|Key Market Opportunities||The growth trajectory of diacetone, alcohol market prices have risen rapidly in the most contemporary years due to the increasing number of usages|
|Key Market Drivers||Continuous global economic development, rising consumer spending, expanding urban population, rising investments|
Frequently Asked Questions (FAQ) :
USD 1,594.5 million by 2025
To have an expected CAGR would be 4.85% during the forecast period.
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining power of buyers
4.1.3 Threat of substitutes
4.1.4 Segment rivalry
4.2 Value Chain/Supply Chain of Global Diacetone Alcohol Market
5 Industry Overview of Global Diacetone Alcohol Market
5.2 Growth Drivers
5.3 Impact analysis
5.4 Market Challenges
5.5 Impact analysis
6 Market Trends
6.2 Growth Drivers & Trends
6.3 Impact analysis
7 Global Diacetone Alcohol Market by Application
9 Global Diacetone Alcohol Market by End Use Industry
9.4 Building & Construction
9.7 Paint & Coating
10 Global Diacetone Alcohol Market by Region
10.2 North America
10.4.5 New Zealand
10.4.6 Rest of Asia-Pacific
10.5 Middle East & Africa
10.5.3 North Africa
10.5.5 Rest of Middle East & Africa
10.6 Latin America
10.6.3 Rest of Latin America
11 Company Landscape
12 Company Profiles
12.1 Solvay S.A.
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 Arkema Group
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 Huntsman International LLC
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 Monument Chemical Inc.
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
12.5 Recochem Inc
12.5.1 Company Overview
12.5.2 Product/Business Segment Overview
12.5.3 Financial Updates
12.5.4 Key Developments
12.6 GALAXY CHEMICALS
12.6.1 Company Overview
12.6.2 Product/Business Segment Overview
12.6.3 Financial Updates
12.6.4 Key Developments
12.7 Prasol Chemicals Limited
12.8.1 Company Overview
12.7.2 Product/Business Segment Overview
12.7.3 Financial Updates
12.7.4 Key Developments
12.8 Aareydrugs & Pharmaceuticals Ltd.
12.8.1 Company Overview
12.8.2 Product/Business Segment Overview
12.8.3 Financial Updates
12.8.4 Key Developments
12.9 Shanghai Jianyuan Chemical Co.,Ltd.
12.8.1 Company Overview
12.9.2 Product/Business Segment Overview
12.9.3 Financial Updates
12.9.4 Key Developments
12.10 SRI NEELIMA LABORATORIES
12.10.1 Company Overview
12.10.2 Product/Business Segment Overview
12.10.3 Financial Updates
12.10.4 Key Developments
14 List of Tables
Table 1 World Population by Major Regions (2020 To 2027)
Table 2 Global Diacetone Alcohol Market: By Region, 2020-2027
Table 3 North America Diacetone Alcohol Market: By Country, 2020-2027
Table 4 Europe Diacetone Alcohol Market: By Country, 2020-2027
Table 5 Asia-Pacific Diacetone Alcohol Market: By Country, 2020-2027
Table 6 Middle East & Africa Diacetone Alcohol Market: By Country, 2020-2027
Table 7 Latin America Diacetone Alcohol Market: By Country, 2020-2027
Table 8 Global Diacetone Alcohol by Application Market: By Regions, 2020-2027
Table 9 North America Diacetone Alcohol by Application Market: By Country, 2020-2027
Table 10 Europe Diacetone Alcohol by Application Market: By Country, 2020-2027
Table 11 Asia-Pacific Diacetone Alcohol by Application Market: By Country, 2020-2027
Table 12 Middle East & Africa Diacetone Alcohol by Application Market: By Country, 2020-2027
Table 13 Latin America Diacetone Alcohol by Application Market: By Country, 2020-2027
Table 14 North America Diacetone Alcohol for End User Market: By Country, 2020-2027
Table 15 Europe Diacetone Alcohol for End User Market: By Country, 2020-2027
Table 16 Asia-Pacific Diacetone Alcohol for End User Market: By Country, 2020-2027
Table 17 Middle East & Africa Diacetone Alcohol for End User Market: By Country, 2020-2027
Table 18 Latin America Diacetone Alcohol for End User Market: By Country, 2020-2027
Table 19 Global Application Market: By Region, 2020-2027
Table 20 Global End User Market: By Region, 2020-2027
Table 21 North America Diacetone Alcohol Market, By Country
Table 22 North America Diacetone Alcohol Market, By Application
Table 23 North America Diacetone Alcohol Market, By End User
Table 24 Europe: Diacetone Alcohol Market, By Country
Table 25 Europe: Diacetone Alcohol Market, By Application
Table 26 Europe: Diacetone Alcohol Market, By End User
Table 27 Asia-Pacific: Diacetone Alcohol Market, By Country
Table 28 Asia-Pacific: Diacetone Alcohol Market, By Application
Table 29 Asia-Pacific: Diacetone Alcohol Market, By End User
Table 30 Middle East & Africa: Diacetone Alcohol Market, By Country
Table 31 Middle East & Africa Diacetone Alcohol Market, By Application
Table 32 Middle East & Africa: Diacetone Alcohol Market, By End User
Table 33 Latin America: Diacetone Alcohol Market, By Country
Table 34 Latin America Diacetone Alcohol Market, By Application
Table 35 Latin America: Diacetone Alcohol Market, By End User
15 List of Figures
FIGURE 1 Global Diacetone Alcohol Market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Diacetone Alcohol Market
FIGURE 4 Value Chain of Global Diacetone Alcohol Market
FIGURE 5 Share of Global Diacetone Alcohol Market in 2020, by country (in %)
FIGURE 6 Global Diacetone Alcohol Market, 2020-2027,
FIGURE 7 Sub-segments of End Users
FIGURE 8 Global Diacetone Alcohol Market size by End User, 2020
FIGURE 9 Share of Global Diacetone Alcohol Market by End User, 2020 to 2027
FIGURE 9 Global Diacetone Alcohol Market size by Application, 2020
FIGURE 11 Share of Global Diacetone Alcohol Market by Application, 2020 to 2027